Rose Conway-Walsh (Mayo, Sinn Fein)
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403.To ask the Minister for Public Expenditure and Reform to clarify if the planned windfall capital investment of €0.75 billion and €1.25 billion, outlined in the Summer Economic Statement for 2025 and 2026 respectively, will come from the "budgetary decisions" line or the "to be allocated" line; and if he will make a statement on the matter.[34047/24]

Paschal Donohoe (Dublin Central, Fine Gael)
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For the purposes of this response, I will assume that the Deputy is referring to Table 1 in the Summer Economic Statement 2024 document which details the Government's Budgetary Strategy for Budget 2025. In the first footnote of the table (which relates to the 'Budgetary Decisions' line), the reference to "NDP" is to the windfall increases in capital investment for 2025 and 2026.

The additional €2.25 billion from the windfall tax receipts was made available to capital expenditure over the period 2024-26 in the Summer Economic Statement (SES) last year. This was to facilitate the progression of important projects and enable more rapid development of key Programme for Government commitments.

The additional €2.25 billion builds on the existing funding already available under the NDP out to 2026 and it will mean more schools, housing, transport and healthcare projects can be progressed and delivered. Deliverability was of critical focus in this process with funding to be provided to those projects and programmes that will be successfully delivered or on track for delivery by end-2026.

The revised allocations, which include the windfall tax receipts for 2025 and 2026, are set out in the following table.

Rose Conway-Walsh (Mayo, Sinn Fein)
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404.To ask the Minister for Public Expenditure and Reform to clarify if the planned expenditure from the INCF of €0.6 billion, outlined in the Summer Economic Statement for 2026 onward, will come from the "budgetary decisions" line or the "to be allocated" line; and if he will make a statement on the matter.[34048/24]

Paschal Donohoe (Dublin Central, Fine Gael)
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Table 1 of the SES 2024 sets out the funding 'to be allocated' over the period 2025 to 2030. As noted beneath Table 1 of the SES, the funding 'to be allocated' in 2026 includes allocation of funding from the Infrastructure Climate and Nature Fund.

The legislation underpinning the establishment of the ICNF allows the Government to invest up to €3.15 Billion over 2026 to 2030 from the fund in critical infrastructure and climate or nature related capital projects. Smoothed out over this period, my Department has allowed for an investment of over €600M in each year of the period mentioned starting from 2026. The actual level of investment will depend on the Government of the day, the expenditure parameters agreed in future Summer Economic Statements and budget allocations based on demand.

As with the establishment of the Future Ireland Fund, the premise behind the ICNF is to ensure that money remains available for crucial capital spending regardless of any future changes in our economic circumstances.